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Leading the News

Small Businesses Urge Court to Affirm Separation of Powers (04/01/2024)

WASHINGTON, D.C. (April 1, 2024) – NFIB filed an amicus brief in the case State of Texas v. President Joseph R. Biden at the U.S. Court of Appeals for the Fifth Circuit. This case questions whether the President and Department of Labor (DOL) have authority to increase the minimum wage for federal contractors. NFIB’s brief argues that the lower court correctly decided that the DOL rule, Increasing the Minimum Wage for Federal Contractors, exceeded the statutory authority delegated by Congress.

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Business Climate

Small Business Optimism Reaches Lowest Level Since 2012 (04/09/2024)

WASHINGTON, D.C. (April 9, 2024) – The NFIB Small Business Optimism Index decreased by 0.9 of a point in March to 88.5, the lowest level since December 2012. This is the 27th consecutive month below the 50-year average of 98. The net percent of owners raising average selling prices rose seven points from February to a net 28% percent seasonally adjusted.

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Wages and Benefits

NFIB Jobs Report: Small Business Job Openings Fall to Pre-Pandemic Levels (04/04/2024)

WASHINGTON, D.C. (April 4, 2024) – NFIB’s monthly jobs report shows a general slowdown in employment activity for small businesses in March, with a seasonally adjusted net 11% planning to create new jobs in the next three months, down one point from February and the lowest level since May 2020.

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